Assume that Tom rents an apartment from Larry with the understanding that either can terminate the lease by giving the other 30 days notice. What is the name of this type of lease?

Question

Assume that Tom rents an apartment from Larry with the understanding that either can terminate  the lease by giving the other 30 days notice. What is the name of this type of lease? ​

Quizplus · Accepted Answer

This is a periodic tenancy because it continues for successive periods until either the tenant or the landlord gives notice to terminate.

Assume That Tom Rents an Apartment from Larry with the Understanding